Viewpoint
Risk and Research: Maintaining a Diverse Portfolio
How can funding agencies strike the right balance between financing “high-risk, high-reward” research—work that is initially uncertain but that could translate into major breakthroughs—and more modest studies that will likely produce solid, incremental results?
Ken Baldwin
The global financial crisis has brought the concept of risk to the forefront of our collective consciousness. It has also put pressure on the public and private entities that fund scientific research, given the competing needs of other sectors of the world’s economy.
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